Major League Baseball says the plan is consistent with economic realities facing league due to the Covid-19 pandemic.
Under the MLB's plan, the highest-paid players could lose about 80% of their salaries.
A general view before the MLB baseball game between the Los Angeles Dodgers and the Arizona Diamondbacks on April 22, 2017, at Chase Field in Phoenix, AZ.Major League Baseball moved ahead with its return to play presentation, introducing its long-awaited economic proposal to its players union on Tuesday as the league works to start its delayed season this summer.
The plan says players making in the range of $563,501 to $1 million can keep more than 70% of their pay. That number decreases to only 50% for salaries in the $1 to $5 million range, 40% in the $5 to $10 million tier and players making more than $20 million per year could only keep 20% of their salaries.by the Major League Baseball Players Association , and some players have expressed concern about the system on social media.
The plan also called for players to share $200 million in postseason bonuses, which includes $125 million for players who compete in the World Series. The MLB's first economic proposal is only the start of what promises to be a long negotiation period to resume play suspend by the Covid-19 pandemic.
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